Florida
HEI Sells Embassy Suites Orlando for $26M
HEI Hotels & Resorts, headquartered in Connecticut, has sold the 167-room Embassy Suites Orlando-Downtown. Paradise America, a foreign buyer, paid… Read more
Construction Launched on $1.7B Miami Worldcenter
Coastal/Tishman, a joint venture between Coastal Construction of Miami and New York-based Tishman Construction, has started development on Miami Worldcenter. Upon… Read more
Checkers, Rally’s Set to Make Bay Area Debut
Checkers and Rally’s is scouring the East Bay for up to 40 locations, as the Tampa, Fla.-based burger chain seeks… Read more
Starwood Capital Obtains $1.4B in Financing
Starwood Capital Group, based in Greenwich, CT, has obtained $1.4 billion in Freddie Mac acquisition financing, with help from Irvine,… Read more
Priderock Pays $42M for Jupiter Multifamily
Priderock Capital Partners of West Palm Beach has reportedly paid Eastwind Development $42 million for Dakota at Abacoa. The 190-unit… Read more
$73M Loan Launches Doral, FL Construction
The Encore Opportunity Fund and Congress Group have secured $73 million in construction financing. The loan has allowed the joint… Read more
Money360 Shares Takeaways from MBA CREF
Connect Media asked Money360’s Gary Bechtel to share insights from the MBA’s CREF/Multifamily Housing Convention & Expo he attended this… Read more
Redfearn, Hampshire Pay $77M for Publix-Anchored Center
Redfearn Capital, based in Delray Beach, FL has joined forces with Hampshire Real Estate Cos. of New Jersey, to acquire… Read more
600-Unit North Harbor Tower Under Contract to Miami Buyer
Crescent Heights of Miami, FL, an active buyer of multifamily properties in Chicago, has reportedly entered into an agreement to… Read more
First Allied Plaza Bought As Part of $753M Deal
First Allied Plaza, an office tower located at 655 W. Broadway in downtown San Diego, has traded hands as part of… Read more
$1B Related Cos. Fund Spurs Major Investor Interest
The Related Cos. intended to raise $850 million for a new operator-sponsored opportunity fund, but even better, the fund reportedly collected $1… Read more
Developer Departs from $375M Project
Yacht builder Viking Development withdrew as master developer of the $375 million Riviera Beach Marina redevelopment. An article in the… Read more
Philip Voorhees, CBRE Retail Team Offer Fully Leased Portfolio
Philip Voorhees, who is based in Newport Beach, and CBRE’s National Retail Investment Group and the Net Leased Property Group… Read more
Moody’s Analytics Begins Forecasting RCA Indices
Real Capital Analytics (RCA) and Moody’s Analytics are now partnering to forecast commercial real estate indices over a 30-year horizon. Chief… Read more
Phoenix Realty, Blackstone Grab $570M Apartment Portfolio
In a joint venture, Phoenix Realty Group (PRG) and Blackstone Real Estate Partners VIII purchased an extremely large apartment portfolio for… Read more
Top 10 Most Expensive Office Streets
In looking at the office market by location, industry, and competition, JLL has ranked the top 10 most expensive streets… Read more
SeaWorld Nixes Shamu
Following a media storm after the death of trainer Dawn Brancheau at SeaWorld in Orlando several years ago, SeaWorld San… Read more
Auction.com Has Record Month
Irvine-based Auction.com reportedly had a stellar month in August, closing $382 million in real estate property sales. Auction.com’s Executive Vice… Read more